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The Economic Times

National / The Economic Times

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At world's busiest port, China's unbalanced economy comes into view

In the world of Chinas economy, the story is mixed. Ningbo's colossal port represents a beacon of export success, highlighting the country's manufacturing strength. Despite this, a sharp decline in housing prices is eroding the financial stability of the middle class and curtailing spending habits. Local government budgets are also feeling the strain, resulting in cutbacks that affect public welfare.

2 Feb 2026 6:38 am